(MENAFN) Legendary investor Mark Mobius is considering a business expansion investment in Saudi Arabia by setting up an office for his firm, the USD750 billion Franklin Templeton Investment (FTI) Group.
Executive Chairman of FTI's emerging markets business Mobius expected a big increase in investment opportunities in the Kingdom as part of the economic transformation strategy being pursued under the Vision 2030 reform plan, and was exploring the possibility of a permanent presence in Saudi Arabia, he stated.
"In Saudi Arabia we still have to invest via proxies, but it's quite possible we'd like to invest directly in Saudi Arabia, and we could do that via an office there. Saudi could become very big indeed", he added.
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